Model DIS

Model DISINF1

Model DISINF endogenizes wages, and therefore allowes a full treatment of inflation.
In the first version of the model, households take capital gains and losses from inflation into account in their
expenditure decision, and inflation has no real effects.

Model DISINF2

Model DISE

Model DISE is a revised version of model DIS, where expectations on sales are now exogenous. This model is
used in Appendix 2 to chapter 9, to illustrate a stable equilibrium where expectations are never fulfilled.